Homeowners remodel their homes for a number of reasons, but one of the most common is to increase resale value. Renovations will improve the style and function of your home and may make it more appealing to potential buyers.
Upgrade Your Kitchen The kitchen is the heart of the home. A kitchen remodel will not only improve your home’s functionality, it may also become a key selling point if you decide to sell. The average major kitchen remodel costs between $29,400 and $42,400, while the minor kitchen remodels average between $11,700 and $17,800.4 However, if you’re thinking of listing your home soon and your kitchen is in good shape, you may want to rethink a full remodel. A minor upgrade and a coat of paint may be all you need to freshen up the space.
Upgrade Your Bathroom The bathroom is the place where you get ready to take on the world every day. Show it some love with a makeover. Upgrade your fixtures to reflect your style, or create the spa-like getaway of your dreams. The average major master bathroom remodel costs between $10,500 and $18,800, while the average minor master bathroom remodel costs between $4,800 and $8,300.4 Are you thinking of renovating a guest bathroom? Expect to spend somewhere of between $7,200 and $9,500 for a major overhaul, or between $3,200 and $4,400 for a minor remodel.1
Improve Energy Efficiency Is it time to upgrade your appliances, windows and other energy-impacting parts of your house? Upgrading your home with energy-efficient features will not only save you money each month on your utility bill, it may also make the home more attractive to younger or more energy-conscious buyers.
Sources: 1. Houzz, Houzz & Home, June 2015